Happeo plans to use the funding to fuel geographical expansion, particularly in North America. Here are the top-line bullets you need to know
Happeo, an employee intranet provider, has raised $26M in a Series B. The round drew participation from Endeit Capital, Evli Growth Partners, and SmartFin Capital, among others.
HOW’S THE COMPANY PERFORMING?
- Finland-based Happeo enables companies to connect to and communicate with their employees.
- Happeo has over 350 clients across 63 countries and is in use in 14 languages. Some of its customers include Decathlon, Pinterest, Marqeta, Doctolib, and SmartRecruiters.
- The company is supported by a team of 120 employees, up from 35 in 2020.
- The startup is headquartered in Finland and also maintains offices in the US, the Netherlands, Romania, the UK, Canada, and the Philippines.
Source: Happeo
WHY DOES THE MARKET MATTER?
- The employee communication software market is expected to reach a value of $1.8B by 2027, growing at a CAGR of 11.8%, according to The Insight Partners.
- The rapid shift toward hybrid and remote workforce models as well as the increased adoption of cloud-based solutions have contributed to growth in this market.
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